Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.8.0.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of other purchased intangible assets
The carrying value of goodwill and other purchased intangibles as of September 30, 2017 and June 30, 2017 is as described below:
dollar amounts in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2017
 
June 30, 2017

Estimated Useful Lives (Years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Book Value
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Book Value
Identifiable intangible Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Existing customer relationships
5 - 15
 
8,849

 
(4,784
)
 
4,065

 
6,447

 
(4,636
)
 
1,811

Non-compete and other
3 - 5
 
2,300

 
(2,006
)
 
294

 
2,000

 
(2,000
)
 
—

Employment agreement
3
 
295

 
(198
)
 
97

 
195

 
(195
)
 
—

Intangibles subject to amortization
 
 
11,444

 
(6,988
)
 
4,456

 
8,642

 
(6,831
)
 
1,811

Trade Name
Indefinite
 
$
4,454

 
$
—

 
$
4,454

 
$
2,254

 
$
—

 
$
2,254

 
 
 
$
15,898

 
$
(6,988
)
 
$
8,910

 
$
10,896

 
$
(6,831
)
 
$
4,065

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
Indefinite
 
$
10,331

 
$
—

 
$
10,331

 
$
8,881

 
$
—

 
$
8,881

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of future amortization expense
Estimated amortization expense on an annual basis for the succeeding five years is as follows (in thousands):
Fiscal Year Ending June 30,
 
Amount
2018 (9 months remaining)
 
$
759

2019
 
1,012

2020
 
1,012

2021
 
621

2022
 
571

Thereafter
 
481

Total
 
$
4,456